Cost of Living
UK energy bills to rise 13 percent as Ofgem price cap hits 1,862 pounds
A new Ofgem price cap has pushed typical annual energy bills to £1,862, driven by a 24% rise in gas unit rates. We outline the cost impact and steps for consumers to manage their household budgets.
Queensland government slashes domestic violence funding by 38 million dollars
The Queensland government has cut $38.5 million in domestic and family violence prevention funding while disbanding a specialist police operational unit. The cuts coincide with reported increases in domestic violence-related murders and concerns over the efficacy of protection orders.
UK households face continued financial strain from high rents and taxes
Despite cooling inflation, UK households are struggling with a permanent shift in price levels for housing and essentials. Rising tax burdens and stagnant income growth continue to erode financial stability.
UK inflation holds steady at 2.8 percent in May despite energy price rises
UK inflation held steady at 2.8% in May 2026, as a deceleration in food price growth countered significant upward pressure from the transport sector.
Bank of England holds interest rates at 3.75 percent in 7-2 vote
The Bank of England has paused interest rate cuts, opting to keep the base rate at 3.75 percent to address persistent economic volatility and energy shocks. The decision follows a divided vote from the Monetary Policy Committee as policymakers weigh inflation concerns against a fragile recovery.
Small businesses plan price hikes as inflation pressures persist
A majority of small-business owners intend to raise prices this year to offset persistent inflationary pressures, rising utility rates, and supply-chain costs. Despite these challenges, many firms remain optimistic about future revenue growth and expansion plans.
Right to Buy policy blamed for decades of UK social housing decline
Decades of public housing sales under the Right to Buy scheme have left over 1.3 million households on waiting lists. New government measures now seek to address this systemic decline and reform landlord practices.
EU households spend average of 19.7 percent of disposable income on housing
Housing has become the primary financial burden for EU households, with average expenditure reaching 19.7% of disposable income in 2023. This report examines regional disparities and the disproportionate impact of housing costs on lower-income families.
Bristol becomes England's least affordable city for private renters
New data reveals that Bristol renters now spend a higher percentage of their income on housing than those in Greater London. Residents report making significant lifestyle sacrifices due to the rising costs.
UK inflation holds at 2.8% as Iran war impact proves milder than feared
The UK's inflation rate held at 2.8% in May, defying forecasts of a 3% increase as firms showed limited pricing power despite global energy supply concerns.
Food bank demand remains high despite falling inflation rates
While official inflation statistics show slowing price growth, food banks report record-breaking demand as households struggle with persistent costs and funding cuts.
UK inflation holds steady at 2.8 percent as food prices slow
UK inflation remained steady at 2.8 percent in May 2026, defying expectations as cooling food costs balanced out the impact of rising transport prices.
Gold slips as global banks diverge on bullion amid Fed uncertainty
Gold prices have slipped as investors weigh shifting Federal Reserve policy and conflicting outlooks from global financial institutions. The market remains volatile as participants monitor interest rate expectations and central bank demand.
Prices up across US metros, but in some more than others
While national inflation rates have retreated, persistent economic pressures continue to challenge household stability across various US regions. This disparity in living costs is forcing families to adjust their long-term financial expectations.
UK inflation eases to 2.8 percent as Bank of England holds rates at 3.75 percent
The UK's headline Consumer Price Index stood at 2.8 percent for the 12 months to May 2026, leading the Bank of England to hold interest rates at 3.75 percent.
Global e-waste levels surge to 62 million tonnes with low recycling rates
Global electronic waste has reached 62 million tonnes, highlighting a widening gap between rapid technology consumption and the limited effectiveness of recycling.
Renters’ Reform Coalition urges next prime minister to introduce rent caps
A coalition of 18 housing groups has warned the incoming administration that failure to address private rental costs will undermine efforts to manage the cost of living. The group advocates for market interventions to address the trend of rental growth outpacing wage growth.
UK energy bills rise by 13 percent as Iran conflict impacts markets
UK households face a 13 percent increase in energy bills as market impacts from the conflict involving Iran continue. Experts note that retail costs remain high due to supply chain lags despite recent cooling in global oil prices.
BEA data reveals Wyoming leads US in real per capita personal income
New Bureau of Economic Analysis data shows Wyoming tops the nation for real per capita income when adjusted for regional cost-of-living differences. The report also highlights how personal savings habits and geographic price variations influence individual wealth.
UK households face deepening cost of living crisis as financial pressure grows
Despite cooling inflation, UK families are managing a permanent increase in the cost of essential goods. New data highlights a persistent financial divide.